'Story Treasury' IP Strategy to Pursue Buyback of Up to 1 Million Shares

Uk Jin

Summary

IP Strategy Holdings said it approved a share repurchase program to buy back up to 1 million shares of outstanding common stock through Dec. 31, 2026.
The company said that if it repurchases the full authorized amount, shares in circulation would decline by about 10%.
IP Strategy said the market has not fully reflected the intrinsic value of its 53.2 million IP tokens and the increase in high-margin recurring revenue expected in 2026.

Nasdaq-listed IP Strategy Holdings (IP Strategy Holdings) is moving forward with a share repurchase program of up to 1 million shares.

According to Global Newswire on the 20th (Korea time), IP Strategy said it approved, at a board meeting, a share repurchase program allowing the company to buy back up to 1 million shares of its outstanding common stock through Dec. 31, 2026.

As of the 18th, IP Strategy has 10,259,226 shares outstanding. If the company repurchases the full amount planned, shares in circulation would decline by about 10%.

The buyback may be executed through open-market purchases or privately negotiated transactions, the company said, adding that purchases under a Rule 10b5-1 plan may also be included.

IP Strategy is a company that holds Story (Story)'s native token, Story (IP), a Layer 1 blockchain, as a key treasury asset. It currently holds 53.2 million IP tokens.

Justin Stiefel, CEO of IP Strategy, said, "This share repurchase program reflects our view that the market is not fully reflecting the intrinsic value of the 53.2 million IP tokens we hold and the increase in high-margin recurring revenue expected in 2026."